Credit Karma's New App Lets You Check Your Credit Score On The Fly

Now iPhone users can monitor their credit
activity and check their credit score at will with Credit Karma's
new app, Credit Karma Mobile.

Here's a look at what all the app offers:

Free credit monitoring

Beyond providing unlimited access to your score, CreditKarma's
app will actively monitor your credit report. Anytime there's a
new credit inquiry, a delinquent payment, a new public record or
account added and so on, user's profile will be updated and
they'll receive a notification.

Identity theft protection

Rather than shell out extra cash for a useless a la carte
service, let Credit Karma's app do the credit monitoring for you.
Users will instantly get a ping if a new line of credit is taken
out in their name, or if there's shady activity involving their
card.

Credit Report Card

Credit Karma relays your score in an easy-to-digest format. Its
"credit report card" is broken down by everything that goes into
your score: credit card utilization, percent of payments made on
time, average age of credit lines, total accounts, credit
inquiries, derogatory marks, total debt, and debt-to-income
ratio.

Users are graded on each section, then given advice on how to
improve their number.

Currently the app is only available on the iPhone and iPad. So if you're not a fan boy, take the
CreditKarma site for a spin to see if it's
right for you.